29th July 2022 Subscriber Content / Synlait
The company cuts four executive roles and adds five as part of a strategy refresh built around nutrition, ingredients, consumer and foodservice opportunities.
“Despite our best efforts, we were never able to make the sales in store that were necessary for the business,” a co-owner tells the Ticker.
Food and beverage industry appointments and people moves for the week to 29 July.
A daily roundup of national and international food and beverage industry news, views and analysis.
The premium dairy company is taking its single serve sustainable butter product global, supported by a significant investment in its Hamilton plant.
The Food Safety Science plan for Aotearoa New Zealand provides a blueprint to coordinate and prioritise circa $25m of annual spend.
A daily roundup of national and international food and beverage industry news, views and analysis.
Grocery spend continues to grow, driven by a 30-year inflation high, with the latest IRI data illustrating the ‘spend-more-get-less’ theme and a move to private label.
The economy faces strong headwinds but hospitality is better prepared than many other industries to face the challenges, says Cameron Bagrie.
A daily roundup of national and international food and beverage industry news, views and analysis.
Dairyworks is granted an application for wasted costs in a judgment that sheds some light on the court case.
Lion New Zealand is shrink-wrap free, but the Australian business has had to push out its phase-out by two years due to supply chain disruption.
A daily roundup of national and international food and beverage industry news, views and analysis.
The confectionery giant aims to replace churn with category growth in the current inflationary environment.
NZ food and beverage producers cannot just rely on promoting sustainability attributes to get cut through in international markets, according to new research from NZTE and Kantar.
A daily roundup of national and international food and beverage industry news, views and analysis.
“When the Good Spirits Hospitality deal did not proceed, it was felt that there was a significant amount of synergy with other Foley investments in New Zealand,” says Foley CEO Mark Turnbull.
“In 2022, our business is currently tracking slightly ahead of plan,” Baldie said.
The beverage business has gone through a period of significant consolidation in a move back to basics.
The dairy company secures a new UHT milk supply contract and renews its deal with its first Chinese customer, Mengniu.
The Omega fish oils refiner’s record of red ink prompts a warning from its auditor, while management hopes future sales, margins and prices will see it through.
Thousands of fish were lost after a Sealord marine farm at Tasmania suffered a spike in water temperature.
There would be little protection against consumer outrage should a serious incursion occur, says NZFS’ DDG.
The race is on for NZ Functional Foods to sign up high net worth, institutional, and ESG investors to fund the balance of its $60m oat milk factory.
The fast-changing international trade environment and the need to future-proof the food and fibre sector have prompted a review.
Foodstuffs says it saw stellar performance from its Liquorland and Henry’s outlets despite Covid’s continuing impacts and a growing shift to healthier options by consumers.
The FMCG giant’s new NZ boss says it is buckling up for at least another year of uncertainty as the trend for value driving sales ramps up.
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